Foresta’s first venture involves the establishment of a patented pine chemicals and torrefied wood pellet production facility in Kawerau, Bay of Plenty.

With the trial/ demonstration facility successfully completed and their process proven, Foresta has signed Supply, Offtake and lease agreements enabling it to progress towards constructing their first processing plant to satisfy strong product demand with an expansion model operating multiple processing plants globally. Foresta plan to operate 9 plants in New Zealand through a modular roll-out process

Why now? New Zealand is phasing out coal boilers by 2037 and there are few energy alternatives for high-process heat, torrefied pellets can use existing coal infrastructure offering a seamless transition. New Zealand consumes 2.1 million tonnes of coal every year, contributing to 5% of New Zealand’s total annual greenhouse gas emissions.